Investor Presentation AusTex Oil Limited A.C.N. 118 585 649 Investor Presentation August 2008 1
Company Overview August 2008 Investor Presentation Austex Oil (AOK.ASX) ASX-listed onshore USA Oil and Gas company focussed on Mid- ASX code AOK.ASX Continent Oil Fields Listing date 7 January 2008 Listed on 8 January 2008 with…
Mid Continent USA August 2008 Investor Presentation Politically stable environment to conduct business. Multiple oil and gas leases available Kansas Attractive terms of business Infrastructure available 30 days sales…
Strategy & Objectives August 2008 Investor Presentation Objectives To be a significant US-based junior on-shore Oil and Gas producer To continue to grow Oil Enhancement Services To be cash flow positive by growing current Oil…
Key highlights since listing August 2008 Investor Presentation Company AusTex now a junior Oil & Gas company, with oil production - gas production expected near term New gas discoveries at Oklahoma, expected to be in production by…
The Opportunity August 2008 Investor Presentation Oklahoma Oklahoma one of USAs oldest and richest oil producing provinces 20,000 producing Oil Wells shut in 1990s Many still with existing economic reserves Mediocre producers…
Management Team August 2008 Investor Presentation Board Dr Peter Power Non Executive Chairman Sydney 40 years experience in hydrocarbon exploration worldwide in Senior management positions with majors including Managing Director of…
Management Team August 2008 Investor Presentation USA John Durkee Tulsa Petroleum Engineer Operations Over 20 years on-shore oil & gas experience Registered Professional Engineer, Petroleum Engineering, Oklahoma 14881. Graduate…
Austex - Project Overview August 2008 Investor Presentation Austexs Oil and Gas footprint has increased from 1,000 to 32,000 acres Lease Name Acreage WI NRI County Lancaster and surrounds 610 100% 81.25% Tulsa, OK Sweet 240 100%…
Oklahoma overview August 2008 Investor Presentation Commenced operations with 1,000 acres in January 2008 On ground technical team with over 100 years combined experience Local knowledge advantage AusTex operating on 7 project…
Oklahoma geology August 2008 Investor Presentation All wells in NE Oklahoma…
Oklahoma - Progress since listing August 2008 Investor Presentation Lancaster Lease Deepened Cook 1 Originally viewed as primary disposal well Arbuckle Formation producible Oil and Gas Testing for oil and gas completion underway…
Oklahoma Additional Acreage Acquired August 2008 Investor Presentation Cleveland Project acquired August 2008 160 acres Creek County Existing Production Enhancement and development opportunity AOK WI = 100% AOK NRI = 82.5%…
Oklahoma target plan August 2008 Investor Presentation Completion of 3 wells underway Lancaster lease Development of new gas production in parallel to oil Pre-requisites for completions Reservoir management and regulatory…
Oklahoma - Schedule of Activity August 2008 Investor Presentation 2008 Activity Schedule August September October November December Oklahoma Lancaster Leases Drilling 3-5 wells Completions Completions Sweet Lease Drilling 2…
Kansas overview August 2008 Investor Presentation Involvement with Radial Jet Technology led to Castle Resources Inc. Kansas and Nebraska License holder. Initial involvement in drilling 2 wells on Pearl Cress Lease June 2008…
Kansas Strategy August 2008 Investor Presentation Strategy Joint venture with local on the ground teams with knowledge Exploits competitive advantage of Well Enhancement technology Use recent developments in polymer water…
Kansas - Cooper Project August 2008 Investor Presentation Joint Venture with Castle Resources Inc. (as Operator) Commenced Lease Acquisitions June 2008 Initial 4000 acres near Hoxie, Sheridan County. 3D Seismic June/July 2008…
Kansas - McCracken Project August 2008 Investor Presentation Joint Venture with Castle Resources Inc. (as Operator) Initial 2 well program December Qtr 2008 AFE 410,000 completed well Acquired August 2008 AOK commitment…
Kansas Beltz Project August 2008 Investor Presentation 160 acres jointly with Castle Resources Inc. (as Operator) AOK WI = 40% AOK NRI = 33.8% Initial drilling of first well by previous operator Low fluid connectivity planned…
Kansas -Schedule of Activity August 2008 Investor Presentation Kansas August September October November December Cooper Project Drilling 4-7 wells Completions Completions McCracken Project Drilling 2 Wells Completions…
Radial Jetting Technology August 2008 Investor Presentation Patented, Proven, Commercialised (SPE 68504 March 2001) Texas, Kentucky, Louisiana, Kansas, Oklahoma Key features one inch diameter hole -horizontally up to 300…
Financials August 2008 Investor Presentation 24
Summary August 2008 Investor Presentation USA operating Junior Oil Producer Kansas and Oklahoma footprint expanding Development and Drilling program underway Exploit deeper pays with new techniques 14.9m cash at June 30,…
Lease Locations Oklahoma and Kansas August 2008 Investor Presentation Lancaster Lease Tulsa 26
2008 Photo gallery August 2008 Investor Presentation Summer-August 2008 107 F Snowing at the office March 2008 Winter March 2008 -2 F 27
2008 Photo gallery August 2008 Investor Presentation Cook No.1 Set Up Halliburton Logging Cook No.1 Drilling Ahead Perforating Helen Lancaster No.1 Well Drilling Samples Left: Dolomite Limestone Right: Granite Mud…
2008 Photo gallery August 2008 Investor Presentation Office in Tulsa Front Door Auditors and Engineers Site visit April 2008 Tulsa Office (left) Carolyn and (right) Hollie 29
2008 Photo gallery August 2008 Investor Presentation Oklahoma Corporate Commission Field Office Visit July 2008 Old and New Progressive Cavity Pump (PCP) Tank Battery Upgrading Lancaster Lease April 2008 Site Work at the Grady…
2008 Photo gallery August 2008 Investor Presentation Kay Philip Completed Lancaster 1A Dan Lanskey Lancaster 1A Prior to drilling Dan Lanskey Smelling the money Hydraulics Fracture on Lancaster 1A May 2008 Site Visit May…
2008 Photo gallery August 2008 Investor Presentation Jerry Green looking for Fossils May 2008 Radial Jetting Beltz No.1 GEOs Comparing Notes: (LEFT) Jerry Green (MIDDLE) Peter Power (RIGHT) Kay Philip Kansas 2008 July 2008…
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